China News Daily Official TheBitTimes.com

Binance has suspened withdrawals to the Solana network amid issues of increased volumes. The exchange expects normal services to resume by March 9, 2024. Binance, Coinbase and Kraken are among exchanges to experience issues as crypto rallied amid Bitcoin’s run to a new all-time high on Tuesday. Binance is temporarily halting all withdrawals to the Solana (SOL) network, according to an announcement the world’s largest crypto exchange published today. Per the exchange, normal operations are likely to resume by March 9. “Withdrawals on Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization, and is working to provide a stable and long-term solution. The estimated implementation date of the solution is 2024-03-09 18:00 (UTC),” Binance announced. As well as Binance, other exchanges to experience increased tr...

Joined the Silvergate Exchange Network back in 2019, Kraken is now looking for new ACH funding options. Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH) via Silvergate. Kraken has reportedly notified its users that it will be unable to support ACH deposit s and withdrawals starting from March 27. According to multiple online reports by alleged Kraken users, Kraken sent an email notice with the announcement on March 22. In the statement, Kraken specified that users will no longer see a deposit option via Plaid or withdrawal option via ACH Silvergate beginning March 27. “No other services will be affected by this change, including ACH instant purchases via Online Banking,” the firm noted. Kraken has advised users to take a look at the other available funding options in order to ensure uninterrupted funding experience, including MVB Bank for Fedwire deposits and withdrawals as well as...